Tesla, BMW latest to tap blockchain to enhance supply chains

The auto industry has a complex supply chain ecosytem that could benefit from blockchain tech. Source: AFP

  • BMW is tackling its supply chain complexity with the auto giant’s own blockchain project, PartChain
  • Tesla & partners have seen the successful implementation of a unique blockchain pilot project in the shipping sector

More and more companies are turning to blockchain as a solution to enhance their supply chain processes, and last week saw two more illustrious brands announce such a maneuver.

Automotive titans BMW Group and Tesla Inc. join a growing list of established enterprises partnering with blockchain protocol Hyperledger Fabric. Hyperledger seems to be quickly becoming the most preferred blockchain platform in supply chain applications.

Given the complexity involved in their supply and delivery operations, it should come as little surprise why so many car companies are trying to leverage trusted blockchain technology.

Both companies are hoping to optimize their supply chain processes, and BMW has even gone the extra lengths of starting their own blockchain to be known as PartChain. The PartChain project aims to bring together all the disparate links in BMW’s supply chain in one decentralized, shared ledger that will be transparent to all partners.

Having successfully tested a blockchain pilot project on a smaller scale last year, BMW’s Purchasing and Supplier Network board member Andres Wendt believes PartChain could be the BMW Group’s answer to reliable, transparent, and immediate tracing of components “at the push of a button”.

“PartChain enables tamper-proof and consistently verifiable collection and transaction of data in our supply chain,” Wendt said in BMW’s PartChain press statement.

Over time, BMW hopes PartChain will help with the tracing and order-tracking of raw materials as well as component parts. “This move is designed to take the digitalization of…

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